Summary
If you make 489,960 元 a year living in the region of Beijing, China, you will be taxed 140,514 元. That means that your net pay will be 349,446 元 per year, or 29,121 元 per month. Your average tax rate is 28.7% and your marginal tax rate is -0.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 元 in your salary will be taxed -0.73 元, hence, your net pay will only increase by 101 元.
Bonus Example
A 1,000 元 bonus will generate an extra 1,007 元 of net incomes. A 5,000 元 bonus will generate an extra 5,037 元 of net incomes.